Curated News
By: NewsRamp Editorial Staff
February 13, 2026

Forward Industries Reports Q1 as Solana Treasury, Posts $585M Loss Amid Staking Gains

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Original Source

TLDR

  • Forward Industries' staking of nearly 7 million SOL generated over 112,000 SOL in rewards, offering investors a strategic advantage in Solana's ecosystem growth.
  • Forward Industries holds 6,962,501 SOL, primarily staked, driving a fourfold revenue increase to $21.4 million while developing validator infrastructure and fwdSOL for long-term growth.
  • By strengthening the Solana ecosystem through staking and developer support, Forward Industries contributes to a more robust and innovative digital asset infrastructure for future users.
  • Forward Industries reported a $585.6 million net loss under GAAP due to digital asset fair value adjustments, highlighting the volatility in crypto accounting practices.

Impact - Why it Matters

This news matters because it represents a high-profile, publicly-traded company fully committing its capital and strategy to a single blockchain ecosystem, Solana. For the crypto industry, it signals a maturation where traditional corporate finance models—like treasury management—are being applied to digital assets, potentially attracting more institutional capital. For investors, it's a case study in the dual nature of crypto investments: substantial operational revenue can be generated through mechanisms like staking, but this is counterbalanced by extreme volatility in asset valuations, leading to massive paper losses under accounting rules. The company's development of tools like fwdSOL could also influence the broader DeFi landscape on Solana by introducing new liquid staking derivatives. Ultimately, Forward Industries' performance will be a bellwether for the viability of 'crypto treasury' as a sustainable public company business model.

Summary

Forward Industries (NASDAQ: FWDI), a company now positioning itself as a Solana-focused digital asset treasury, has reported its first full quarterly results since adopting this new strategic direction. The company, which executed a private placement in September 2025 with backing from industry leaders like Galaxy Digital and Jump Crypto, ended the quarter with a massive treasury of 6,962,501 SOL, nearly all of which was staked. This staking activity generated over 112,171 SOL in rewards and drove a more than fourfold year-over-year revenue increase to $21.4 million, showcasing the initial financial mechanics of its SOL-centric model. However, the quarter also revealed the volatility inherent in this space, with the company reporting a net loss of $585.6 million under U.S. GAAP, largely due to a $560.2 million loss and a $33.0 million impairment charge related to fair value adjustments on its digital asset holdings.

Beyond the headline financials, the core message from management emphasizes execution and long-term growth. The report highlights the ongoing development of key infrastructure projects designed to enhance shareholder value through SOL-per-share growth. These initiatives include expanding the company's validator infrastructure, developing its proprietary liquid staking token called fwdSOL, and building out automated market maker (AMM) capabilities. The company's mission, as detailed on its website forwardindustries.com, is to expand and strengthen the Solana ecosystem by acquiring, staking, and investing in SOL and related projects, effectively acting as a strategic capital allocator within the network.

The news was disseminated through the CryptoCurrencyWire (CCW) platform, a specialized communications brand within the broader InvestorBrandNetwork (IBN). IBN provides a suite of services including access to a vast network of wire solutions via InvestorWire, article syndication to thousands of outlets, and enhanced press release distribution to ensure maximum market impact. For investors seeking further details, the full press release is available, and ongoing updates for FWDI are accessible in the company's dedicated newsroom. This report marks a significant milestone for Forward Industries as it fully transitions into its new identity, betting its future on the growth and utility of the Solana blockchain and its associated digital assets.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Forward Industries Reports Q1 as Solana Treasury, Posts $585M Loss Amid Staking Gains

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